Layouts for Chart Traders

Trading Station is ideal for those who rely heavily on charts for trading. The intuitive charts can be imbedded directly into the platform. And with dockable windows, tabs and flexible layouts, you can easily customise the platform so that all vital information is on one screen. Watch this video to learn how to set up your chart-trading layout.

Trading with FXCM provides you access to the award-winning Trading Station II platform. With its robust feature set, you can take full control of the look and feel of the trading interface, making sure you get the most from your trading experience.

In this video, you'll see how the platform can be customised to suit the needs of traders who rely heavily on charts in their trading.

Trading Station II utilizes the Marketscope 2.0 charting package. One of the great benefits to Marketscope is that you can use the charts as a standalone application, or you can embed the charts directly into the platform, keeping all of your vital information on one screen.

The default Trading Station layout displays all available windows, including things like messages and actions, which might not be vital to a chart trader. These windows can be easily closed, adding significant chart real estate to the platform.

Adding a chart is as simple as selecting the "create market shot" button and clicking OK. And if that's still not enough, you can utilize the dockable window feature, which allows you to create tabs inside of a window, further expanding your layout options.

One of the Trading Station's most exciting features is the ability to trade directly from the charts. You can create market and entry orders, adjust stops and limits, and close out trades directly from the charts.

On this chart, price action has dipped below and bounced back above the 50% Fibonacci line. Moving the stop to breakeven is a simple drag and drop operation.

Another Trading Station feature that chart traders will want to know about is alerts. Trading Station II offers two types of alerts: price alerts and indicator alerts.

Price alerts allow you to specify a currency pair and a price. If the market reaches your price, you'll be notified by audible sound or by popup message.

Indicator alerts notify you of certain indicator conditions, like MACD crossovers or moving average crossovers. There are a lot of options available and creating alerts is quick and simple.

If you have a trading strategy that works with numerous instruments, you'll want to learn about the Trading Station's link feature. To get an idea of how the link feature works, consider the following example: Assume you work off of two charts. A daily chart is used to locate the direction of the trend, while a four-hour chart is used to locate entries and exits.

With the necessary time frames and technical indicators in place, you can link the two charts together. With the charts linked together, you can begin analyzing the data. If the euro/dollar pair isn't providing you any good trading opportunities, change the instrument on one of the charts.

Notice how all of the charts that are linked together changed to the same instrument automatically. This makes it easy to analyze your trading strategy across multiple instruments, until you find the most optimal trade setup.

And as you would expect from a powerful charting package, Marketscope includes all of the essential charting tools, including the ability to draw trend lines; create Fibonacci lines; view line, bar, and candlestick data; plus a whole lot more.

You can create the layout we discussed in this video by manually editing your platform.

Have an opinion on the pound?

Educational Videos: All videos are provided for educational purposes only and clients should not rely on the content or policies as they may differ with regards to the entity that you are trading with. Further, any opinions, analyses, prices, or other information contained on this website is provided for educational purposes, and does not constitute investment advice. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Customer Service

FXCM Policies

Follow Us

High Risk Investment Notice: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with Forex Capital Markets Limited ("FXCM LTD"), retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by FXCM LTD, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited ("FXCM AU") (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group's websites prior to taking further action.

Forex Capital Markets Limited ("FXCM LTD") is an operating subsidiary within the FXCM group of companies (collectively, the "FXCM Group"). All references on this site to "FXCM" refer to the FXCM Group.
Forex Capital Markets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Registration number 217689.

Tax Treatment: The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Your browser is out of date!

Update your browser now to view this website correctly. Update my browser now or visit this page on your mobile phone or tablet.